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Jan 6, 2013
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the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our businesses can not afford that dangerous game again. >> on the first day of the new congress, lawmakers introduced nearly a dozen bills related to gun violence. they come in the wake of the connecticut school shooting and promises from president obama to take concrete action to avoid another tragedy. >> reporter: as students at sandy hook elementary return to class, former congresswoman gabrielle giffords, nearly killed in a mass shooting two years ago visited newtown, connecticut. and on capitol hill, lawmakers arrived to begin a new session of congress. with me
the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our...
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Jan 13, 2013
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that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan policy center. good luck trying to explain this to conservative talk radio show host, rush limbaugh. >> i think it's a debt limit as your monthly credit card limit. you can't go over it on your credit card. and the united states government can't spend more than what its credit limit is or its debt limit. now ali velshi at cnn says that has no relation to spending. >> that's right, rush, the debt ceiling was create sod the congress wouldn't constantly need to authorize congress to borrow to raise more money. it doesn't au
that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent. they're simply empowered in this case to borrow money and write the checks to pay the bills incurred by your democratically elected congress. today the debt ceiling is $16.3 trillion which is less than our debt. the treasury can use extraordinary measures to raise an extra $200 billion. those extra funds will only last until about mid february or early march according to the bipartisan...
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Jan 12, 2013
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what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a couple questions here. >> deficit spending. >> you said there's no doubt we are not going to default on our payments. the math indicates that if at some point we don't increase the debt ceiling, why won't we? >> our interest payment this year is under $250 billion. we're going to bring in $2.5 trillion in tax revenue, ten times what our interest servicing on the debt is. there are some casual aspects about turning over some debt but basically the only reason we have to increase the debt creeling is because we continue to deficit spend, spending a trillion dollars more than -- >> when you say we continue to de
what the debt ceiling allows -- what the debt ceiling allows congress to do is continue to deficit spend. if we would stop incurring deaf zits we wouldn't need to increase the debt ceiling. it's not about paying past bills. you get into the cash flow aspect of this thing. in order to increase the debt ceiling we are actually just basically giving the president the authority to put that debt burden on our children and grandchildren. it's not about spending at all. >> let me ask you a...
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Jan 6, 2013
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a dollar in the raised debt ceiling and a dollar in spending cuts, so i'm not sure where this is going. some republicans say, hey, we're going -- this is where we're going to get our spending cuts because they don't think they got any in the fiscal cliff plan that was just passed and this is where they want to make that stand. will all of them make it because it will need all republicans, particularly in the senate, to stick with that. so we'll see. it's another one of those, you know, games of chicken again. >> kind of getting tired of those, aren't you? >> me, too. need a new analogy. >> candy, thank you very much. >> thanks. >> kee it here for "state of the union" that starts in nine minutes. 9:00 a.m. eastern time right here on cnn. >>> well, this is one of our favorite stories this morning. take a look here. this black and white kitty was caught sneaking into a brazilian prison were saws, drills, batteries and a cell phone taped to its body. security guards no doubt did a double take when they caught the feline felon trying to get into the prison on new year's eve. officials say t
a dollar in the raised debt ceiling and a dollar in spending cuts, so i'm not sure where this is going. some republicans say, hey, we're going -- this is where we're going to get our spending cuts because they don't think they got any in the fiscal cliff plan that was just passed and this is where they want to make that stand. will all of them make it because it will need all republicans, particularly in the senate, to stick with that. so we'll see. it's another one of those, you know, games of...
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Oct 10, 2013
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a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with regard to entitlements, with regard to taxes, with regard to the overall level of government spending. those are the things they wanted to discuss with the president. you know, again, as you and i have talked about so many times over the past ten days or more, we still have a potential chicken or egg situation, which is the best way to describe this. jim just played a quick sound bite from the senate majority leader harry reid, who said it's not going to happened, when asked if they would agree to extend the debt cei
a clean debt ceiling. democrats are not so sure. they haven't seen the language of it. but a debt ceiling that doesn't have the spending cuts and other strings attached that? conservatives have been demanding. in exchange for that what they wanted him to agree to was to sit down and talk about the big issues they have to the come together on frankly for two, three years. big, big issues that everybody believes need to be addressed, but they have very different philosophies on how to do so with...
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Jan 15, 2013
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trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used by one person, but many of them were used on multiple people. >> surfers, beware. you have to look at this video. it's shocking. >> standing on the shore? >> he has his toes in the water. two sharks were spotted dangerously close to shore in honolulu. this was off of oahu. they are like ten feet offshore. >> i will call him a dingaling if he is in the water. >> he's a hero. >> there is flooding and ice. from the weather center, you said snow is on the way as well? >> that's right. it's coming to you guys. it's coming into a north and west of new york into connecticut as well. that's not today's concern. we have the s
trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used...
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Jan 2, 2013
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there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now. this happened with a majority of democrats supporting this and relatively healthy number of republicans but certainly most republicans voted against this. one of the republicans who did not vote against it was the leader of the republicans, the house speaker. he voted yes. it is significant for two runs. one it is the tradition for speakers not to take votes. they do it when they want to make a point symbolically and that is clearly whathe house speaker wanted to do here. he wanted to vote for a piece of legislation which he clearly knows i
there is no mention of the debt ceiling. the government $16.4 trillion borrowing limit which was reached yesterday in the bill kicks a camp for about two months on the automatic spending cuts, the sequesters set to take effect tomorrow. joining me now is congressional correspondent dana bash. this just happened moments ago. tell us what happened and what are some of the more interesting votes. >> if just moments ago we got the final vote. the final vote was 2 under 57 yes, 1 under 67 now....
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Oct 8, 2013
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ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage will have been done even if that were constitutional. >> 14th amendment says the validity of the public debt, shall not be questioned. so does that give the president potentially, worst case, nightmare scenario, the u.s. about to default, an opening? >> no one know, wolf. no one knows whether the president has this power. and it's a measure of the desperation of the system that people are reading into the 14th amendment this power as somehow the president says a rabbit out of the hat to allow him to bypass congress. but i think there
ceiling, raising the debt ceiling. some have suggested that the president could do it by hem self by invoking the 14th amendment. the president spoke about that today. >> i no he there's been some discussion for example about my powers under the 14th amendment to go ahead and ignore the debt ceiling law. setting aside the legal analysis, what matters is, is that if you start having a situation in which there's legal controversy about the u.s. treasury's authority to issue debt, the damage...
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Jan 3, 2013
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with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people that president obama when he was senator obama voted against raising the debt limit as well. opposition parties use the limited leverage they have and barack obama recognized that in the past and now that he's on the other side of the negotiating table he thinks that should be taken off the table. the thing is this is connected to the sequester deal as well. president obama needs goodwill from republicans if he's going get movement on the sequester as well. these things are not going to be that easily separated. >> but the key is that it's incumbent upon the president to move a
with the debt ceiling he's saying we're only dealing with the debt ceiling. if you want to have a debate when it comes to cuts then we'll deal with that. when it comes to sequestration. that important piece in the fiscal cliff deal the 60 day pushing out that's what he has done. the republicans wanted spending cuts to be part of fiscal cliff and debt ceiling and sequestration. he said no. it's a smart tactical move. we'll see if he's able to keep them at bay. >> i want to remind people...
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Jan 2, 2013
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reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi takes over our coverage next. xx >>> breaking news, i'm ali velshi in for erin burnett. the house has passed the deal, largely on party lines. in the end house lawmakers agreed to vote on the bill exactly as written. now, here is some of what is in that proposal. tax rates stay the same for couples making less than $450,000. a cap on itemized deductions for married couples making more than 3d $300,000, a one-year extension on unemployment insurance, anne crease in estate tax from 35% to 40%, and the alternative minimum tax would
reaching its debt ceiling. i got to also say that of those now 82 republicans who are voting yes, many of them are doing it because they feel it is important to make sure that 98% of americans keep their tax cuts in place but also because tactically they see what's next is a vote or a debate where they believe they have leverage, which is on the debt ceiling. >> i appreciate your reporting. i noe it's been a colossal day, monumental task for are you both. that does it for us. ali velshi...
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he really wanted to start off, wolf, with the debt ceiling. he wanted to put all of their eggs in the debt ceiling basket with regard to negotiations and it got a little muddled and i think republicans up here on capitol hill can see that. so that's why they are having a hard time getting back on the message train, if you will, and the president has been very consistent. i'm not negotiating. you know, we have to pay our bills. we have to pass the debt ceiling increase and fund the government. i'm not negotiating. i will afterwards but not beforehand. my suspicion is that we are going to hear a lot of that reinforcement of the message from the president. just like we will from democrats who are just down the hall behind me in the senate having their weekly lunch, as are republicans. >> looks like that stalemate, at least for now, continues. dana, thank you. don't go too far away. jim acosta is over at the white house getting ready to go into the briefing room himself. >>> could the 14th amendment to the institution be used to raise the debt cei
he really wanted to start off, wolf, with the debt ceiling. he wanted to put all of their eggs in the debt ceiling basket with regard to negotiations and it got a little muddled and i think republicans up here on capitol hill can see that. so that's why they are having a hard time getting back on the message train, if you will, and the president has been very consistent. i'm not negotiating. you know, we have to pay our bills. we have to pass the debt ceiling increase and fund the government....
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i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might be an achievement, but patching these things that have become almost catastrophic things that could happen is, in their estimation, sort of a waste of time. >> yeah, congratulations, we just didn't fail bigger. it's frustrating to have this conversation. that you you very much for that. not only does congress have to deal with the debt ceiling next month. they also have to deal with the sequester, remember that series of cuts in federal spending that will reduce most budgets about 8% to 10%. last night's deal basically kicked automatic that down the road. an
i think that will continue into the fight over the debt ceiling. the thing that the whi house doesn't like is they feel like a lot of this stuff is so unnecessary. this isn't something that ultimately. he can put that he extended a tax cut for the middle class, and that should be considered an achievement for him, but dealing with the debt ceiling, these aren't huge sweeping achievements he can say, look, i did something amazing. if it's something like entitlement reform, tax reform, that might...
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Jan 14, 2013
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regarding the debt ceiling. is that something that republicans are willing to do here, or it must be linked? the two have to go hand in hand? >> reporter: they are insisting, and when i say they, i'm talking about house republicans and the senate republican leader, but they have to go hand in hand. this is something that we heard over and over and over again when we had this debate the last time, back in the summer of 2011. andion that ve ioion you know t suzanne. but the house speaker and his aides are telling us that they really mean it this time. that there has to be a dollar of spending cuts for every dollar that the u.s. agrees to raise the debt limit. and that they would even go for a two or three-month extension as they try to work on a more global discussion of cutting spending. but even if there's an extension, it has to go point by point. the other thing i want to mention, suzanne, which i thought was really interesting, after covering the white house under george bush, that last question about the fac
regarding the debt ceiling. is that something that republicans are willing to do here, or it must be linked? the two have to go hand in hand? >> reporter: they are insisting, and when i say they, i'm talking about house republicans and the senate republican leader, but they have to go hand in hand. this is something that we heard over and over and over again when we had this debate the last time, back in the summer of 2011. andion that ve ioion you know t suzanne. but the house speaker...
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debt ceiling, $16.4 trillion, blown through it again. has to be raised so we can pay our bills, and the president doesn't want another one of these bruising debates. here he was. apologies. basically saying we need to negotiate, we need a balanced approach, don't need to be doing this again and again. let's talk to brianna keilar, joining thus morning in washington. and just run through, brianna, what is not in this deal? >> well, the big things that are not in this deal and that you can say really the can was quicked down the road on were the spending cuts, because we have two months where the spending cuts are now not an issue. that's been delayed. but come two months, they come calling again, and they absolutely have to be dealt with if congress doesn't want to see them go into place, and the other thing, what you mentioned, bro brooke, the debt ceiling. we've gone past it. the treasury department is able to move money around so we don't hit the debt ceiling. as for right now, the u.s. is making good on the debts that it owes, but at
debt ceiling, $16.4 trillion, blown through it again. has to be raised so we can pay our bills, and the president doesn't want another one of these bruising debates. here he was. apologies. basically saying we need to negotiate, we need a balanced approach, don't need to be doing this again and again. let's talk to brianna keilar, joining thus morning in washington. and just run through, brianna, what is not in this deal? >> well, the big things that are not in this deal and that you can...
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Sep 19, 2013
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the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take to reopen the site of so much carnage. here is pamela brown. >> reporter: as investigators sift through the evidence in the navy yard killings, navy officials say damage inside building 197 is so stensive, it may take weeks to repair and reopen it. one official is saying there is blood everywhere. there is damage everywhere. the mother of the gunman apologizing wednesday to the families of the victims. >> i don't know why he did what he did and i'll never be able to ask him why. aaron is now in a place where he can no longer do harm to anyone and, for that,
the debt ceiling deadline is mid wocket. not increasing it means the nation cannot pay off the debts it has already racked up. >> distant look like it's going to end well. >>> president obama tries to continue his public focus on the economy today meeting with a committee on boosting international trade. ibm and lockheed martin are a part of this committee. >>> latest on the shooting at the washington navy yard. new information about the shooter and how long it will take...
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Jan 3, 2013
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with the debt ceiling he says we're only dealing with the debt ceiling. if you want to debate when it comes to cuts we'll deal with that when it comes to sequestration. that 60 day pushing out that's what he has done. the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the debt limit as well. they use the limited leverage they have and barack obama recognized that in the past and thinks that should be taken off the table. that's fair enough. this is connected to the sequester deal as well. he will need goodwill from republicans to get movement on the sequester as well. these things are not going to be easily separated. >> but the key is incumbent on the president to be aggressive and work with them and offer entitlement reform. >> delinking them doesn't make sense. >> they are coming due at the same time. >> they are coming due at the same ti
with the debt ceiling he says we're only dealing with the debt ceiling. if you want to debate when it comes to cuts we'll deal with that when it comes to sequestration. that 60 day pushing out that's what he has done. the republicans want spending cuts to be a part of fiscal cliff and debt ceiling and sequestration he is saying no, put it in one area. it's a smart tactical move. we'll see if he can keep them at bay. >> president obama when he was senator obama voted against raising the...
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Feb 10, 2013
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this is not like the debt ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for everybody to just kick this can down the road. we shouldn't be doing anything right now. >> [ inaudible ]. >> we could have some vague spending cuts promised in the future, some real revenue sources. >> all in the future. because you don't want any austerity now. >> this is a terrible time to do it now. >> i think his reaction depends on whether or not the republicans can hold their coalition together. and if they can create a coalition that holds together, which might even include some democrats, i think they can prevail on this issue and get a small amount of cost redu
this is not like the debt ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for...
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Apr 10, 2013
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ceiling once again, are you in favor of raising the debt ceiling even if there's no so-called grand bargain budget agreement between the house and senate and the president? >> you know, i would hope we wouldn't get to where that's the only choice on the table. i've supported increasing the debt ceiling when there's been offsetting reductions in spending because i think at some point here and we've reached that point, you can't keep borrowing 42 cents of every dollar sending the next generation the bill. and so we've dealt with the debt ceiling, we'll deal with it again, but it's going to be in the context of overall more broad discussions about how we achieve savings going forward. >> i think that will be a sort of deadline looking forward. let's hope everybody can come up with some sort of -- >> yeah. >> compromise. >> it would be bad news for you, bad news for american workers, bad news for exports, bad news for the u.s. economy if we once again had to go through that drama of having to see if the debt ceiling is going to be increased. >> i couldn't agree more with you, wolf, and
ceiling once again, are you in favor of raising the debt ceiling even if there's no so-called grand bargain budget agreement between the house and senate and the president? >> you know, i would hope we wouldn't get to where that's the only choice on the table. i've supported increasing the debt ceiling when there's been offsetting reductions in spending because i think at some point here and we've reached that point, you can't keep borrowing 42 cents of every dollar sending the next...
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the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has mo y money, it is spent. it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've already spent is just outrageous. it was outrageous in august and the republicans continue to use this language that somehow it's to control spending. it's just incorrect. >> so back them up only in the fact that there are plenty of republicans who say, good god, do not use this. this will kill us. >> the question is, if we went over the cliff or didn't fail to raise the debt ceiling, certainly there would be dire consequences. the question is, when else is the congress of the united states going to do anything proactively about spending? they have proven definitively over the last 70 years that they cannot do it. and this has become, for better or for worse, the pivot p
the gop needs to learn the difference between a debt and debt ceiling. it was put in there so the treasury didn't have to keep issuing bonds. most other countries when they issue legislation that has mo y money, it is spent. it's meant to give treasury enough room to issue bonds so they didn't have to keep doing it. using the debt ceiling and the ability to pay our bills for things we've already spent is just outrageous. it was outrageous in august and the republicans continue to use this...
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we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence and it addresses not only the guns but mental health and school safety. briefly, it will ban military assault weapons that have no place on the streets of baltimore or no other neighborhood in our state and it will limit the size of magazines in order to make it harder for criminals to gun down in succession police officers or school children. >> that might work for a state like maryland, a very blue state, but maybe not so much at a federal level. david keane, the president of the national rifle association, says, yeah, it will be a whole different stor
we expect him to talk about the debt ceiling. we're going to bring his comments to you live. >>> it's been one month since the tragic shooting at sandy hook elementary school. politicians at the state and federal level are scrambling to find ways to end gun violence in america. and one of them maryland governor martin o'malley outlined plans for what he says would be the toughest gun laws in the country. >> this would be a comprehensive legislative package to prevent gun violence...
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Jan 5, 2013
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the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this, presidential leadership is an imperative. but the president doesn't want to put a plan out, and he's shown no appetite for taking on this problem. then the house should pass something, and the senate needs to act. all right, robert. >> they have not had the senate pass anything in years. >> robert, shouldn't the president be the one that comes out with a plan and says this, look, i'm so sick of this petty, stupid, sandbox unpleasantness rather than the word i would prefer to use there, i'm sick of it, and so i'm going to put out, here's my plan. >> yes. erin, the president has put out a plan. he put
the president's going to have to raise it, and the debt ceiling is not the problem. the problem is the debt and the spending that's driving the debt. and so the number one thing is to avoid, "a," the notion that speaker boehner can trot down to the white house and somehow we can solve the nation's problems or, "b," that we want do this at the 11th hour at all. instead we want our congress and our president to do their job. and i for one believe that in moments like this,...
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but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the president of the united states. i'll let the white house and the administration answer how they're going to deal with congress. that's their task, not mine. but i'm confident that the president, the vice president and the entire administration is going to do everything they can to get the package they proposed today through congress. and, you know, when you heard the president say, i think it's essential, american citizens, the american people have to demand this. we have to act. when you have 1,000 people nearly killed in last 30 days at the hands of gun, when you have mass tragedies like happened in
but you also have the president is up against republicans, he trying to work on the debt ceiling. you have the whole issue of whether or not the debt ceiling is going to be raised, whether or not that is going to be held hostage to actually paying the bills the government has to pay. you also talk about immigration reform. where does this fit in in terms of the president's priorities, do you think? >> well, from where i sat today, obviously it seems to be a very high priority for the...
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>> well, you have to raise the debt ceiling. by law congress can only spend so much money and rack up so much debt. we hit that ceiling on february 15th according to the policy center. on that day, the inflow into the treasury coffers, $9 billion. imagine this like your own checkbook. on that day you have $52 bill chron in bills due. >> we've got a big -- >> so break that down for me. in that set of bills, what's due that day? >> well, the biggest part of that committed spending is $30 billion interest on our debt. we have to pay the interest, or we are in default of our obligations. we borrow money every day just to run the country as it is. >> just look at that top picture you have about 30 billion would be the mortgage payment and all of those littler numbers would be the expenses. >> these are things that people wee lie on. it's a friday, it's payday, so federal salaries and ben felts. medicare and medicate, defense vendors going paid on the 15th. these are things that in theory, if you don't raise the debt ceiling, the gove
>> well, you have to raise the debt ceiling. by law congress can only spend so much money and rack up so much debt. we hit that ceiling on february 15th according to the policy center. on that day, the inflow into the treasury coffers, $9 billion. imagine this like your own checkbook. on that day you have $52 bill chron in bills due. >> we've got a big -- >> so break that down for me. in that set of bills, what's due that day? >> well, the biggest part of that committed...
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debt ceiling. the debt ceiling is the one to keep your eye on. >> senator rand paul, the son of ron paul, on tv last night making some comment about debt we carry in the united states. absolute debt per person being greater than absolute debt per person than greece and that's why the united states was going to become greece. i was so incensed that i lost the little hair i had left on my head. the united states will never not be able to pay its bills and meet obligations, because the united states has a remarkable printing press for money. >> absolutely. a remarkable printing press for money. a multitrillion dollar economy, a vibrancy and flexibility of the workforce. a single language. all sorts of structural and systemic reasons why it will grow. and i mean, hallelujah, the u.s. growing 2% to 3% is the savior for the rest of the world. >> unbelievable. >> it is extraordinary, but growing despite the -- the american taxpayer relief act of 2013. which i promise you, is so detailed and so many -- i s
debt ceiling. the debt ceiling is the one to keep your eye on. >> senator rand paul, the son of ron paul, on tv last night making some comment about debt we carry in the united states. absolute debt per person being greater than absolute debt per person than greece and that's why the united states was going to become greece. i was so incensed that i lost the little hair i had left on my head. the united states will never not be able to pay its bills and meet obligations, because the...
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he's not even willing to talk to them about raising the debt ceiling. he says that debt ceiling which has to be raised according to the treasury department by mid-october, is something that he's not willing to negotiate over. they just have to do it. let's see if he holds firm to that so-called line in the sand that he's drawn. it's interesting, though, remember what boehner said yesterday at the end of his news conference. it was very telling to me. he knows the legislation that is about to pass in the house is not going to pass in the senate. the senate's not going to defund obama care. then it will come back to the house. and he said at the end of that news conference yesterday, he said i'm not going to speculate on what the senate's going to do or not do, and where the votes are, but then he said this. he said we'll have plenty of time next weekend, not this coming weekend, tomorrow, but next weekend, he said to discuss that. so he's already looking to that 11th hour, the 11th minute, all of that time which is next weekend when they've got to make s
he's not even willing to talk to them about raising the debt ceiling. he says that debt ceiling which has to be raised according to the treasury department by mid-october, is something that he's not willing to negotiate over. they just have to do it. let's see if he holds firm to that so-called line in the sand that he's drawn. it's interesting, though, remember what boehner said yesterday at the end of his news conference. it was very telling to me. he knows the legislation that is about to...
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first the debt ceiling. yesterday the treasury secretary made it official, federal borrowing has reached the $16.4 trillion debt ceiling. they can't issue more debt. right? without raising that debt ceiling. congress has to do it. we have about two months of head room, which means the deadline to tackle that would be late february or early march. next up the sequester. a series of automatic 8% to 10% cuts in many federal agencies. the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that
first the debt ceiling. yesterday the treasury secretary made it official, federal borrowing has reached the $16.4 trillion debt ceiling. they can't issue more debt. right? without raising that debt ceiling. congress has to do it. we have about two months of head room, which means the deadline to tackle that would be late february or early march. next up the sequester. a series of automatic 8% to 10% cuts in many federal agencies. the senate's fiscal cliff deal would kick that can down about...
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debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase, the tax part of his balanced approach, when he came out and said, okay, now, the debt ceiling is off the table, not going to negotiate it -- >> because it's spent, right? $16 trillion national debt. that's money that has been committed by congress. it's been committed by the very people who will fight over whether we should pay the bills. you go ahead, say congress committed this money. february 15th, interesting on the debt. 9 billion coming in $52 billion has to be paid. >> $2.5 trillion revenue coming into an annual basis, which equals wh
debt ceiling, we have spent that money. that a difficult from verizon that has come due you have to pay. >> you are borrowing more money to spend in the future. we are borrowing money to pay off past debts. no. if we weren't doing more deficit spending, we wouldn't have to borrow more money. the debt ceiling, last one could you say, the debate was messy. we didn't get a downgrade because the results of that debate didn't solve the problem. president obama, after he got his tax increase,...
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raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >> unfortunately, i think it's a possibility. failing to to do this would be unthinkable. it's never happened in our history. congress does have this responsibility. it's a pretty solemn one. it is in the constitution. they have under article 1 responsibility for borrowing. if they allow the debt limb to cause a default crisis i think that would be potentially catastrophic. >> and this is where they might -- and i don't want to be pollyanna here because god knows that doesn't work in washington these days, but they all understand the consequences he
raise the debt ceiling? >> because most economists believe is that you'd have a whole bunch of symptoms similar to the one we've had in the financial crisis that we've just been through. it could potentially lead us back into recession. they would all start with the treasury interest rate going up, interest rates going across the board, consumer confidence sink, business confidence sinking and so forth. >> is it conceivable to you that congress would not do this? >>...
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and i don't think there is an emergency on the debt ceiling. we are spending less than 10% of the revenue to service the debt and this alarm about default is false. >> the plan that paul ryan wrote made no mention of defunding obama care, does that make it a non-starter? >> i don't want to say non-starter because he's talking about the debt ceiling versus the c.r., one of the two. but this c.r. has been about obama care and shutting off the funding to implement or enforce obama care and i wrote that language back in february of 2011. i am invested in it deeply and i think it's important we hold the line and yet, if we cannot actually contemplate the idea we would go on forever and not increase the debt ceiling. let's make sure conditions are right for each one of them. for me if the entitlement reforms are strong enough, i'll take a good look at it. better yet, if we bring a balanced budget amendment to the constitution through the house and the senate and send it to the states where 38 would have to ratify, that would be something that would c
and i don't think there is an emergency on the debt ceiling. we are spending less than 10% of the revenue to service the debt and this alarm about default is false. >> the plan that paul ryan wrote made no mention of defunding obama care, does that make it a non-starter? >> i don't want to say non-starter because he's talking about the debt ceiling versus the c.r., one of the two. but this c.r. has been about obama care and shutting off the funding to implement or enforce obama care...
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. >> the president says he's not going to negotiate on this debt ceiling. republicans are preparing the things they want to negotiate about. >> the lesson politically. the republicans lose on shutdowns. you cannot fight over a shutdown. i would tell you this, i do not think the debt ceiling should be used as leverage to extract minimal demands. it has huge uncertainty on markets worldwide. in the end, i'm for economic growth. >> i agree. >> we all agree with economic growth. >> i agree on that. >> what did i tell you during the last break? they'd agree with me. >> if there's a whole host of other issues that president obama laid out in his inaugural address, climate change, gun control, what if any of that can get done? it seems like he's had a tough time with this. >> the president has a climate action plan. and i think, they have to, actually. that's going to be, there are going to be rules coming out from the epa, et cetera. that's going to be a management challenge for him. >> why can't he pass the keystone pipeline. am i right? >> he's not going to be
. >> the president says he's not going to negotiate on this debt ceiling. republicans are preparing the things they want to negotiate about. >> the lesson politically. the republicans lose on shutdowns. you cannot fight over a shutdown. i would tell you this, i do not think the debt ceiling should be used as leverage to extract minimal demands. it has huge uncertainty on markets worldwide. in the end, i'm for economic growth. >> i agree. >> we all agree with economic...
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instead of about tax increases, it will be about debt, deficit and the debt ceiling all over again, only that time the president says he is not going to have the fight. he's sort of implying he'll maybe let the nation default rather than -- so as he puts it, let him be held hostage. >> this is just the beginning. this is the next four years basically. we'll talk to grover norquist about this in a second, but this is the way things are going to get decided now for the next four years. there's no grand bargains and stuff like that. >> that's the thinking. look, it could be or it could be that we'll continue to have these skirmishes because there are these ideological differences until it's finally resolved because these two parties are struggling over philosophy and eventually it will be resolved, but until that time, yes, this is what we're looking at for a while. >> hdoes that get resolved, though? >> once the economy recovers and we're clearly out of recession, maybe the anxiety about debt and deficit is lessened or perhaps we get the debt and deficit under control and that makes everyb
instead of about tax increases, it will be about debt, deficit and the debt ceiling all over again, only that time the president says he is not going to have the fight. he's sort of implying he'll maybe let the nation default rather than -- so as he puts it, let him be held hostage. >> this is just the beginning. this is the next four years basically. we'll talk to grover norquist about this in a second, but this is the way things are going to get decided now for the next four years....
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the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in congress? the sequester. at first, there's relief in washington. >> you may have noticed that the cloud of uncertainty has been lifted. >> but the good cheer does not last long. september 2011, the super committee begins work. >> i approach our task with a profound sense of urgency, high hopes and realistic expectations. >> the weeks drag on, bargaining is intense and in late november the supercommittee wraps up work without a deal. >> we have to keep finding a fair and balanced solution. there's the chat eng that divided us. >> a disappoint
the debt ceiling debate. >> a last-minute deal to raise the debt ceiling through the 2012 presidential elections. >> agonizing and we all were up late, late last night. emails flying at midnight. >> congress agrees to about $1 trillion in cuts and the creation of a bipartisan supercommittee. its job? to find another $1.5 trillion in cuts. if the supercommittee fails, then indiscriminate across-the-board forced spending cuts would kick in in 2013. the geeky order for it in...
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to the debt ceiling fight. at least on the debt ceiling, talking about trying to revive -- >> they're making that up. that didn't happen in the white house. they're that up. >> they're not -- >> no! i saw the headline in the paper. grand bargain discussed. there was not a grand bargain discussed. i was there all the time. there was no staff -- >> let me get back to john boehner. this really has become personal. earlier today you said that he doesn't have courage. that's really tough stuff. that's really personal, talking about john boehner the man. >> uh-huh. well, dana, the question that i responded to was, don't you think that you should go on with some of the stuff that he wants? well, we know they don't know what they want. we've had one congressman from indiana who says they're not showing respect. we have to get something out of this but he went on to say, i don't know la we want. that's john boehner. we don't know what he wants. we met last night at the white house. i talk to him yesterday after we wrote
to the debt ceiling fight. at least on the debt ceiling, talking about trying to revive -- >> they're making that up. that didn't happen in the white house. they're that up. >> they're not -- >> no! i saw the headline in the paper. grand bargain discussed. there was not a grand bargain discussed. i was there all the time. there was no staff -- >> let me get back to john boehner. this really has become personal. earlier today you said that he doesn't have courage. that's...
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could avoiding the debt ceiling be as easy as minting a coin? there is a debate going on right now, i don't know how serious it is but there is a debate going on on whether the united states can create a coin worth $1 trillion, a $1 trillion coin. alison kosik is at the new york stock exchange. i love this story even though it's not real but just fun. >> i hate to burst your bubble, not likely to happen but it is legal. let's play the what if game, has a little more room to run. we know the treasury department with mint and issue platinum bouillon coins. deposit it at the fed and the treasury could pay off its debts and we wouldn't have to deal with watching the catfight on capitol hill with dealing with the debt ceiling. paul krugman, the "new york times" columnist says it's a game mick but says in an op-ed that ran yesterday in the "new york times" says the trillion-dollar coin should be printed. we should sit down like serious people and deal with probably seriously. that may sound reasonable but if you've been living in a cave for the past f
could avoiding the debt ceiling be as easy as minting a coin? there is a debate going on right now, i don't know how serious it is but there is a debate going on on whether the united states can create a coin worth $1 trillion, a $1 trillion coin. alison kosik is at the new york stock exchange. i love this story even though it's not real but just fun. >> i hate to burst your bubble, not likely to happen but it is legal. let's play the what if game, has a little more room to run. we know...
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together with the raising of the debt ceiling. he says he is not going to play that game. will he have any choice? >> look, that is the kind of brinksmanship i'm talking about. we should not negotiate on the full faith and credit of a u.s. government. that is crazy. why would we want to put our economy through that? but there are lots of things we can negotiate on. we do have a sequester, we do have the end of the continuing resolution. we have lots of things coming up that will force us to make some of the tough decisions. >> here is what mitch mcconnell wrote on yahoo! news. i'll read about it, he is going after the president. he is the republican leader in the senate. predictably the president is claiming already that his tax hike on the rich is not enough. i have news for him, the moment that he and every other elected official signed off on the current arrangement, it was the last word on taxes. that debate is over. what he is saying it is now all about spending cuts, no more discussion of taxes for all practical purposes. no
together with the raising of the debt ceiling. he says he is not going to play that game. will he have any choice? >> look, that is the kind of brinksmanship i'm talking about. we should not negotiate on the full faith and credit of a u.s. government. that is crazy. why would we want to put our economy through that? but there are lots of things we can negotiate on. we do have a sequester, we do have the end of the continuing resolution. we have lots of things coming up that will force us...
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. >>> republicans think the debt ceiling law is there to police government spending. i'll tell you why they're wrong and big surprise here, rush limbaugh talking out of his elbow again. i'm ali velshi. this is your money. up first, aig. >> we repaid every dollar america lent us. >> everything, plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> helping people recover and rebuild, that's what we do. now, let's bring -- >> aig, the massive insurance company that was at the center of the 2008 financial crisis was taking those ads to thank america for having its back and reminding us in not so subtle terms that taxpayers earned better than a $22 billion profit on the $182 billion bailout that aig got from taxpayers. now, i don't know what you do when you're grateful for something, but i'll tell you what aig is considering doing. biting the hand that fed them. aig's board is considering joining a lawsuit brought by shareholders in 2011 against the u.s. treasury department and the federal reserve that claims the $182 billion bailout
. >>> republicans think the debt ceiling law is there to police government spending. i'll tell you why they're wrong and big surprise here, rush limbaugh talking out of his elbow again. i'm ali velshi. this is your money. up first, aig. >> we repaid every dollar america lent us. >> everything, plus a profit of more than $22 billion. >> for the american people. >> thank you, america. >> helping people recover and rebuild, that's what we do. now, let's bring...
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. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social security checks, and veterans benefits will be delayed. we might not be able to pay our troops or contracts with small business owners. investors around the world will ask if the united states of america a safe bet. >> the republican house speaker john boehner responding immediately to the president's remarks issuing a statement that read "the american people do not support raising the debt ceiling without reducing government spending at the same time. the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved." joining us i
. >>> to washington now where yet another battle is brewing, this time it's over the debt ceiling and from the white house to capitol hill democrats and republicans are sparring over the best way to ensure the nation pays its bills and now they're taking the fight to you as both sides try to sell their point of view. president obama warning about what could happen if that debt limit is not raised. >> if congressional republicans refuse to pay america's bills on time, social...
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but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate, every time, it has come to raising the debt ceiling. because there's a recognition, for years now, that the federal government has been spending way more than it should, way beyond its means, much more than it's actually bringing in. and now, it is -- we cannot continue to kick this can down the road. we've come to the end of the road. it is time for us to stop spending money we don't have. >> former republican speaker newt gingrich is not exactly conflict averse, i think you'd agree, and he has warned the house republicans not to take up this debt ceiling fight. listen. >> asking barack obama not to be
but when it comes to the debt ceiling, the debt ceiling, by definition, isn't about authorization new spending. it is about paying the bills that we have already racked up. so are you just trying to say that you want to have this conversation together, at the same time? >> this is about, this is -- raising the debt ceiling is like raising your credit card limit. and historically, this has been a debate. you look over the last four presidents in this country, and there's been a debate,...
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down the road i mean like two weeks on the debt ceiling. they want to keep some chips out there for themselves. they feel like if they're going to negotiate on -- democrats feel like if they're going to negotiate away some of these key things now, then they are going to have nothing left when it comes to the really big issue that could completely kill the global economy. at least that's what a lot of economists warn about. >> they're always holding off to get the last best deal. >> let me bring in republican congressman king of new york who has been leading the fight in his own party against funding obama care. to you what is the essential difference to the way this was the last time the government shut down? a lot of critics of the republican position on this have said, well look, it is very difficult for the democrats to negotiate or for the white house to strike a deal with john boehner because he's not in control of the republican party in this on capitol hill. >> thank you, anderson. rick lazio and i were there together in '95 and '96.
down the road i mean like two weeks on the debt ceiling. they want to keep some chips out there for themselves. they feel like if they're going to negotiate on -- democrats feel like if they're going to negotiate away some of these key things now, then they are going to have nothing left when it comes to the really big issue that could completely kill the global economy. at least that's what a lot of economists warn about. >> they're always holding off to get the last best deal. >>...
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they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the debate over the debt ceiling and the budget show dunn. all three of these very serious. but which is the most serious. >> the debt ceiling could do damage to our countries for decades to come if we hit it and don't expect the problem. this is the most dangerous thing. this is almost a nuclear option. this is really playing with very dangerous things. and one little mistake could be devastating to our country. >> and yet you still come on day after day and smile with me. thank you. always good to see you. >>> by the way, i just want to remind you if you're doi
they don't want to have the debt ceiling be the problem. they think that would be very bad for the economy and for everyone in the economy. they worry about interest rates going up and they worry about the impact on our deficit. because when interest rates go up, that means the deficit will go up. so we make the problem worse by taking this route if we go down this pathway. >> i want to throw three terms at you that we've had to stomach out in america. debate over the fiscal cliff, the...
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just take the issue of the debt ceiling. the debt ceiling says that congress -- that the treasury should pay the bills congress already rang up. what we saw in the summer of 2011 was an unnecessary fight over the debt ceiling where congress was literally playing games with defaulting on the full faith and credit of the u.s. currency. those are the kinds of manufactured crisis that can slow down a recovery or do much more damage to the u.s. and world economy. that's why i think it's so important that congress does its job, when it comes back from recess, and raises the debt ceiling without drama. >> i was just going to say, i'm sure they're all thinking that on their summer recess. alan kruegekrueger, thank you. we appreciate it. >> thaw for having me. >>> this morning, edward snowden woke up somewhere other than the moscow airport. you can see the nsa leaker in this photo with his back to the camera striking out on his new life of at least temporary freedom in russia. phil black spoke with his russian attorney. >> reporter:
just take the issue of the debt ceiling. the debt ceiling says that congress -- that the treasury should pay the bills congress already rang up. what we saw in the summer of 2011 was an unnecessary fight over the debt ceiling where congress was literally playing games with defaulting on the full faith and credit of the u.s. currency. those are the kinds of manufactured crisis that can slow down a recovery or do much more damage to the u.s. and world economy. that's why i think it's so important...
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt. >> let's get the latest now from dana bash on capitol hill. explain this to me. during the summer it seemed the house republican leadership did not want to -- this to happen. they didn't want to do this. what happened? >> reporter: what happened is they got a lot of pushback from the conservative grass roots. for five weeks, conservative groups were out there pounding away at conservative members saying, look, this is why we got you into office. this is what we want you to do. and this is the best leverage that we have, meaning try to repeal obama care, even if it means shutting down the government. and this is actually something that i asked the speaker about. he wasn't ever publicly against it, but we knew from reporting that privately he was very much against it. so i asked what gives. >> i know it's not been easy to be speaker over this caucus, but at this point, have you just
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget and nothing to do with the debt. >> let's get the latest now from dana bash on capitol hill. explain this to me. during the summer it seemed the house republican leadership did not want to -- this to happen. they didn't want to do this. what happened? >> reporter: what happened is they got a lot of pushback...
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Jan 14, 2013
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debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had the package put together by the vice president is on his desk today. and he will talk about it a little later on this week. want to bring in two people here, ali velshi with me from new york, and gloria borger there in our nation's capital, to you both welcome. ali, it has been more than a year since that whole previous debt limit debacle. and i know you are saying, especially comparing this to what we just saw on new year's day with the fiscal cliff, this is going to be much, much worse, much bigger deal. talk to me ab
debt ceiling. this time around, the president is telling house republicans they can do it his way or own the blame. here he was. >> and republicans in congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> also, need to tell you the president did speak about his gun violence effort. he's had...
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Jan 5, 2013
01/13
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are you willing to vote to raise the debt ceiling? >> i think ultimately we're going to have to, aren't we? i don't think there's a single person in congress or in washington that recognizes that, you know, some time in the next short while, we're going to hit that limit. and at that point, we have to -- we have a financial obligation to, you know, millions of people and to programs throughout our government. the question is, what are we going to do to fix the problem? like you started out with your quote there, we want to come back and fix something, do something meaningful here. i tell you what. the problem is that we just continue to kick the can down the road and it doesn't help anyone. we talked about saving our childr children, our country for our children or grandchildren. i don't think we have that long when it comes to our debt. we can't -- this isn't a generational problem. this is a problem we've got to take care of right now. >> and you're talking policy, which is a good thing to talk about. of course, we know in washingto
are you willing to vote to raise the debt ceiling? >> i think ultimately we're going to have to, aren't we? i don't think there's a single person in congress or in washington that recognizes that, you know, some time in the next short while, we're going to hit that limit. and at that point, we have to -- we have a financial obligation to, you know, millions of people and to programs throughout our government. the question is, what are we going to do to fix the problem? like you started...
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Jan 2, 2013
01/13
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we're going to have the debt ceiling. we're going to have the continuing resolutions. this is what our future looks like, because the issue before us is about debt and spending. it is about the explosion in the cost of the entitlements. this is our reality and you've just seen in what just happened tonight how hard it is to have that conversation. >> that's the problem. i don't think there's all that much disagreement among thinking people that this is a real problem. how our budget goes and how the deficits grow. that's a real, real problem. what is remarkable to people as we watched it, is the dysfunction with which people whom we elect to arrive at these compromises and to negotiate seem to have been unwilling to negotiate. >> think about what you've seen the last couple weeks. beat on the conservatives, they're being hard-nosed, demanding too much spending. here we are, the evening of the vote. how much spending change is in the bill? it goes up. if i had come to you three weeks ago and said the final vote will be raising spending, you would have thought i was a lu
we're going to have the debt ceiling. we're going to have the continuing resolutions. this is what our future looks like, because the issue before us is about debt and spending. it is about the explosion in the cost of the entitlements. this is our reality and you've just seen in what just happened tonight how hard it is to have that conversation. >> that's the problem. i don't think there's all that much disagreement among thinking people that this is a real problem. how our budget goes...
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Jan 4, 2013
01/13
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we'll have another debt ceiling fight. we may end up with something in total close to to what simpson-bowles proposed. >> i think that would be good for the frunt. austan, thanks so much. >>> they stay submerged for months at a time in tight quarters without even seeing the sun. serving on u.s. submarines is a new role for female sailors. we'll spend some time with one of them. bright students are getting lost in the shuffle. and administration's work gets more complex every year. when you look at these issues, do you see problems or opportunities? with an advanced degree in education from capella university, you'll have the knowledge to meet these challenges and make a difference in the lives of students. let's get started at capella.edu. >>> women in the military are definitely making strides under water. cnn's pentagon correspondent chris lawrence talks to an officer who's on track to become the navy's first female submarine commander. >> reporter: it's a new frontier for female sailors. submerged for months, no sun, no
we'll have another debt ceiling fight. we may end up with something in total close to to what simpson-bowles proposed. >> i think that would be good for the frunt. austan, thanks so much. >>> they stay submerged for months at a time in tight quarters without even seeing the sun. serving on u.s. submarines is a new role for female sailors. we'll spend some time with one of them. bright students are getting lost in the shuffle. and administration's work gets more complex every...
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Jan 1, 2013
01/13
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it does not look like it will do with the debt ceiling. it does look like it starts to address the tax piece at least. >> let's go back to dana bash on the hill. what are you learning? >> we're clearly doing play by play as this is a fast moving story. we reported that joe biden, the environment, is in the building. our photographer just saw him go into harry reid's office. he's currently meeting, i don't know, one-on-one, or maybe with other members of the senate democratic leadership in the office of senator harry reid, which is just around the corner from where i'm standing right now. you see this crowd of people behind me. those are reporters waiting to see if the vice president is going to come through because he's eventually going to come through he and meet with all of the senate democrats for the meeting you were talking about with the senator. sounds as though they're doing a little talking about -- a little bit of a game plan about how they're going to present this to the caucus, and obviously, that's a very delicate issue for re
it does not look like it will do with the debt ceiling. it does look like it starts to address the tax piece at least. >> let's go back to dana bash on the hill. what are you learning? >> we're clearly doing play by play as this is a fast moving story. we reported that joe biden, the environment, is in the building. our photographer just saw him go into harry reid's office. he's currently meeting, i don't know, one-on-one, or maybe with other members of the senate democratic...